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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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ULTIMA BANK MINNESOTA
Mortgage Loans and Application Details
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| Mortgage Company Name |
ULTIMA BANK MINNESOTA |
| Address | PO BOX 299
FOSSTON, MN 56542 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 41 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,164,000 |
| Average Mortgage Loan Amount Applied For | $72,000 |
| Highest Mortgage Loan Amount Applied For | $488,000 |
| Average Applicant Income | $36,375 |
| Highest Applicant Income | $112,000 |
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| Home Improvement |
16 | $890,000 |
$55,000 | $290,000 |
$39,000 | $64,000 |
| Home Purchase |
18 | $1,146,000 |
$63,000 | $200,000 |
$37,000 | $81,000 |
| Refinancing |
7 | $1,128,000 |
$161,000 | $488,000 |
$49,000 | $112,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $1,123,000 |
$280,000 | $488,000 |
$0 | $0 |
| Not Provided |
4 | $190,000 |
$47,000 | $112,000 |
$52,000 | $81,000 |
| White |
33 | $1,851,000 |
$56,000 | $200,000 |
$43,000 | $112,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
41 | $3,164,000 |
$77,000 | $488,000 |
$40,000 | $112,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $28,000 |
$28,000 | $28,000 |
$18,000 | $18,000 |
| Application Denied By Financial Institution |
7 | $737,000 |
$105,000 | $200,000 |
$32,000 | $50,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
33 | $2,399,000 |
$72,000 | $488,000 |
$42,000 | $112,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $200,000 |
$200,000 | $200,000 |
$49,000 | $49,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $257,000 |
$85,000 | $128,000 |
$30,000 | $50,000 |
| Debt-To-Income Ratio |
2 | $212,000 |
$106,000 | $132,000 |
$36,000 | $46,000 |
| Employment History |
1 | $68,000 |
$68,000 | $68,000 |
$16,000 | $16,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ULTIMA BANK MINNESOTA by:
Metropolitan Area And
County
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